Friday, 10th October 2008
4:47pm
CLOSING REPORT: Leading shares finished the day lower after another volatile day driven by anxiety over the financial crisis, which is gripping global markets and another opening drop on Wall Street.
At close the FTSE 100 stood at 3947.78 down 366.02 points
The DOW fell off in early trade - but then again that news will hardly be shocking to most market watchers after the week of turmoil it has seen. Th NASDAQ, at time of writing was actually in positive territory.
Preseident Bush, in an address from the rose garden at the White House sought to reassure the American public, by saying that the U.S. government was moving aggressively to address the financial markets crisis.
He did however note that anxiety was feeding...
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12:17pm
MIDDAY REPORT: Leading shares plunged in early deals with the FTSE 100 trading around just below the 4000 mark at lunchtime today after dipping below that level in earlier trade.
At 11.47am, the FTSE 100 was 322.2 points down at 3991.60.
The DOW tumbled below the 9,000 mark for the first time since August 2003 losing 7.3% in the process. Finance ministers from the G7 leading industrial countries are set to meet in Washington to discuss the crisis. US President George W Bush is due to make an address to the American people later in the day.
Companies reporting in London today include Admiral, Renishaw and Printing.com
Motor insurance group Admiral said it was on track to hit or exceed analysts’ consensus profit estimates for 2008. It has seen premium income and vehicles...
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10:47am
MID-MORNING REPORT: Leading shares plunged in early deals with the FTSE 100 trading around the 4000 mark at 10.21am this morning after dipping below that level in earlier trade.
At the time of writing the FTSE was trading at 4019.59, down 294.21 points
The DOW tumbled below the 9,000 mark for the first time since August 2003 losing 7.3% in the process. Finance ministers from the G7 leading industrial countries are set to meet in Washington to discuss the crisis. US President George W Bush is due to make an address to the American people later in the day.
Companies reporting in London today include Admiral, Renishaw and Printing.com
Motor insurance group Admiral said it was on track to hit or exceed analysts’ consensus profit estimates for 2008. It has seen premium income...
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10:32am
MID-MORNING REPORT: Leading shares plunged in early deals with the FTSE 100 trading around the 4000 mark at 10.21am this morning after dipping below that level in earlier trade.
At the time of writing the FTSE was trading at 4019.59, down 294.21 points
The DOW tumbled below the 9,000 mark for the first time since August 2003 losing 7.3% in the process. Finance ministers from the G7 leading industrial countries are set to meet in Washington to discuss the crisis. US President George W Bush is due to make an address to the American people later in the day.
Companies reporting in London today include Admiral, Renishaw and Printing.com
Motor insurance group Admiral said it was on track to hit or exceed analysts’ consensus profit estimates for 2008. It has seen premium income...
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9:02am
Tullow Oil said it expects Ghana's Julbilee project to beging production in 2010.
It is expected to see an output of 120,000 barrels per day.
Story supplied by MoneyAM
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